Things won't be so expensive next year, Janet Yellen says — and Americans will be able to 'feel good about their finances and their personal economic situation'

Dec 12 2022 by Business Insider

 
U.S. Treasury Secretary Janet Yellen.

Drew Angerer/Getty Images

Treasury Sec. Janet Yellen told 60 Minutes she's hopeful prices will substantially decrease next year. She said that while there's risk of a recession, it's not needed to bring inflation down. Her comments come ahead of another likely interest rate hike from the Fed this week.

The nation's top Treasury official sees things looking up for Americans in the new year.

On Sunday, US Treasury Secretary Janet Yellen appeared on CBS' 60...

Continue Reading Things won't be so expensive next year, Janet Yellen says — and Americans will be able to 'feel good about their finances and their personal economic situation'